Rare chance to own a versatile 4-plex in a high-visibility location directly across from the bus depot and within walking distance to schools, shopping, dining, laundromat, post office, and near the new hospital. Three 1-bed/1-bath units are currently leased, generating $3,730 per month in rental income, with unit 2 offering strong additional rental potential or the perfect owner-occupant setup. Units have been updated, and property features a newer roof and newer windows. Four off-alley parking spaces plus ample street parking. Strong rental history and individually metered units with tenants paying their own electricity and heating. Assumable VA loan at 2.3% interest rate, subject to lender approval. A rare opportunity in today’s market.
Sold
Listed by: Epique Realty • Cameron Beyer
Bought with: John L. Scott Lacey
$460,000
514 W Main Street, Elma, WA 98541
5beds
4baths
2,340sqft
Quadruplex, Multi Family
Built in 1881
-- sqft lot
$-- Zestimate®
$197/sqft
$2,260 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,260/mo
Zestimate® history
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List your homeWhat's special
Ample street parkingNewer roofNewer windowsFour off-alley parking spaces
Zillow last checked:
Listing updated:
Listed by:
Cameron Beyer,
Epique Realty,
Anastacia Harrell,
Epique Realty
Bought with:
Ryan L. Fieldsend, 107617
John L. Scott Lacey
Source: NWMLS as distributed by MLS GRID,MLS#: 2483635
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Softwood, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,340
- Total interior livable area: 2,340 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 8,276 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck
Details
- Parcel number: 043001000600
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1881
Utilities & green energy
- Electric: Company: Gray's Harbor PUD
- Sewer: Sewer Connected, Company: City of Elma
- Water: Public, Company: City of Elma
Community & HOA
Community
- Subdivision: Elma
Location
- Region: Elma
Financial & listing details
- Price per square foot: $197/sqft
- Tax assessed value: $413,620
- Annual tax amount: $3,949
- Date on market: 5/17/2026
- Cumulative days on market: 66 days
- Listing terms: Assumable,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Sold | $460,000$197/sqft |
Source:  NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 5/4/2026 | Pending sale | $460,000$197/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 4/29/2026 | Price change | $460,000-3.2%$197/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 4/21/2026 | Pending sale | $475,000$203/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 3/26/2026 | Price change | $475,000-3.1%$203/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 3/16/2026 | Price change | $490,000-2%$209/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 2/24/2026 | Listed for sale | $500,000+78.6%$214/sqft |
Source: NWMLS as distributed by MLS GRID #2483635 Report a problem | ||
| 8/6/2019 | Sold | $280,000-3.4%$120/sqft |
Source: NWMLS as distributed by MLS GRID #1394597 Report a problem | ||
| 6/3/2019 | Pending sale | $290,000$124/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 5/28/2019 | Listed for sale | $290,000$124/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 5/15/2019 | Pending sale | $290,000$124/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 5/7/2019 | Price change | $290,000-3.3%$124/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 4/24/2019 | Listed for sale | $300,000$128/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 4/19/2019 | Pending sale | $300,000$128/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 1/25/2019 | Price change | $300,000-7.7%$128/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 1/2/2019 | Listed for sale | $325,000+164.2%$139/sqft |
Source: Riley Jackson Real Estate Inc. #1394597 Report a problem | ||
| 10/26/2015 | Sold | $123,000-42.8%$53/sqft |
Source: NWMLS as distributed by MLS GRID #755416 Report a problem | ||
| 7/12/2008 | Listing removed | $215,000$92/sqft |
Source: Prudential Real Estate #28097164 Report a problem | ||
| 6/11/2008 | Listed for sale | $215,000$92/sqft |
Source: Prudential Real Estate #28097164 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,949 +28% | $413,620 +30.6% |
| 2023 | $3,085 -3.1% | $316,672 -6.1% |
| 2022 | $3,184 -13.4% | $337,127 +2.2% |
| 2021 | $3,678 +42.6% | $329,755 +41.8% |
| 2020 | $2,579 +19.8% | $232,550 +22.7% |
| 2019 | $2,153 | $189,486 +13.7% |
| 2018 | $2,153 +13.8% | $166,593 +20.9% |
| 2017 | $1,892 +1.4% | $137,820 |
| 2016 | $1,866 | $137,820 +4.5% |
| 2014 | $1,866 -2.4% | $131,910 |
| 2013 | $1,912 +26.7% | $131,910 -8.4% |
| 2011 | $1,509 -1.4% | $144,000 |
| 2010 | $1,530 +4.9% | $144,000 |
| 2009 | $1,459 -9.3% | $144,000 |
| 2008 | $1,609 | $144,000 +20% |
| 2007 | $1,609 -5.1% | $120,000 |
| 2006 | $1,696 -1.2% | $120,000 |
| 2005 | $1,716 +58.7% | $120,000 |
| 2004 | $1,081 -15.9% | $120,000 +41.2% |
| 2003 | $1,286 +5.7% | $85,000 |
| 2002 | $1,216 +9.5% | $85,000 |
| 2001 | $1,111 -1.4% | $85,000 +6.3% |
| 2000 | $1,127 | $80,000 |
Find assessor info on the county website
Neighborhood: 98541
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Nearby schools
GreatSchools rating
- 5/10Elma Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 5/10Elma Middle SchoolGrades: 6-8Distance: 0.1 mi
- 7/10Elma High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Elma Elem
- Middle: Elma Mid
- High: Elma High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Grays Harbor County
- Elma
- 98541
- 514 W Main Street
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